Redcentric (RCN)

Sector:

IT Services

Index:

FTSE AIM All-Share

137.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 158.00p
  • 52 Week Low: 81.00p
  • Currency: UK Pounds
  • Shares Issued: 154.77m
  • Volume: 14,080
  • Market Cap: £212.04m

Redcentric cuts net debt following CEO departure

By Iain Gilbert

Date: Monday 15 Apr 2019

LONDON (ShareCast) - (Sharecast News) - IT managed services provider Redcentric traded in line with management expectations in its last trading year, cutting net debt by more than expected.
While providing no figures, Redcentric told investors on Monday that its trading results for the year ended 31 March were "in line with the board's expectations".

The AIM-listed outfit revealed that net debt at the end of the year was £17.6m, was ahead of the board's expectations and a reduction of £10.1m year-on-year.

Back in October, Redcentric reported that trading had been in line with expectations throughout the first half of the trading year but chief executive Chris Jagusz opted to resign six weeks later as the "disappointing" results did reveal a fall in half-year revenues.

Redcentric will post its fully audited annual results on 25 June.

As of 1020 BST, Redcentric shares had slipped 1.83% to 76.18p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Redcentric Market Data

Currency UK Pounds
Share Price 137.00p
Change Today -0.50p
% Change -0.36 %
52 Week High 158.00p
52 Week Low 81.00p
Volume 14,080
Shares Issued 154.77m
Market Cap £212.04m

Redcentric Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.73% below the market average83.73% below the market average83.73% below the market average83.73% below the market average83.73% below the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Price Trend
82.29% above the market average82.29% above the market average82.29% above the market average82.29% above the market average82.29% above the market average
72.28% above the sector average72.28% above the sector average72.28% above the sector average72.28% above the sector average72.28% above the sector average
Income
74.33% below the market average74.33% below the market average74.33% below the market average74.33% below the market average74.33% below the market average
31.25% above the sector average31.25% above the sector average31.25% above the sector average31.25% above the sector average31.25% above the sector average
Growth
6.68% above the market average6.68% above the market average6.68% above the market average6.68% above the market average6.68% above the market average
7.53% below the sector average7.53% below the sector average7.53% below the sector average7.53% below the sector average7.53% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Redcentric Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-19 04-Jul-19
Paid 10-Jan-20 06-Sep-19
Amount 0.83p 1.00p

Trades for 29-Sep-2020

Time Volume / Share Price
17:06 1,200 @ 137.00p
13:43 2,500 @ 141.96p
09:52 2,700 @ 142.00p
09:52 1,200 @ 141.50p
09:37 1,438 @ 140.00p

Redcentric Key Personnel

CEO Peter Brotherton
CFO David Senior

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